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What is SIP
SIP can help you invest your money gradually every month or quarter. Where you can instruct the mutual fund to buy units of the scheme in your folio, by debiting a fixed amount from your bank account every month or quarter.
Benefits of Systematic Investment Plan (SIP)
Power of Compounding
Estimated return from SIP into an Equity Mutual Fund
(At an assumed rate of 12% p.a.)
Amar | Akbar | Antony | |
---|---|---|---|
Number of Years | 10 | 20 | 30 |
No.of Month Invested | 120 | 240 | 360 |
Monthly Investment Amount | -1500 | -7500 | -5000 |
Mutual Funds Returns(Assumed) | 12% | 12% | 12% |
Monthly Returns | 0.95% | 0.95% | 0.95% |
Total Amount Invested | -1800000 | -1800000 | -1800000 |
Estimated Redemption Amount | 3,360,538 | 6,898,930 | 15,404,866 |
Estimated returns from Recurring Deposit (R.D.)
(At an assumed rate of 8% p.a.)
Amar | Akbar | Antony | |
---|---|---|---|
Number of Years | 10 | 20 | 30 |
No.of Month Invested | 120 | 240 | 360 |
Monthly Investment Amount | -1500 | -7500 | -5000 |
Mutual Funds Returns(Assumed) | 8% | 8% | 8% |
Monthly Returns | 0.64% | 0.64% | 0.64% |
Total Amount Invested | -1800000 | -1800000 | -1800000 |
Estimated Redemption Amount | 2,719,248 | 4,294,950 | 7,088,066 |